Monday, July 5, 2010

With US markets closed because of the July 4th holiday it was left to European and Asian markets to bumble along. The FTSE 250 ETF (MIDD) is struggling to close last Thursday's breakdown gap with only intraday incursions into the zone. The lack of conviction is worrying with Friday's low (885) a suction point for sellers to draw prices too; curretnly it's trading just below 920 with 926 the gap.

In light of this weak undercurrent my various trading strategies continued to pop out stop signals from long strategies with some short target/stop updates.

ASX Oak

Short Confirmation Entry for WOW (Sydney) at AU$26.77

BSE Zignals 1 mil Rupee

Rupee Long Confirmation Entry for MAZD (Mumbai) at INR116.8

Commodities Oak

Short Entry for GldUSD (Commodities) at $1245.0
Short Confirmation Entry for SlvUSD (Commodities) at $18.66

Forex Bull Trender

Long Confirmation Entry for CADUSD (FX) at 0.9430
Long Confirmation Entry for AUDUSD (FX) at 0.8420
Long Confirmation Entry for NZDUSD (FX) at 0.6860

Forex High Winners

Long Entry for EURUSD (FX) at 1.2260

Frankfurt High Winners

Long Confirmation Entry for RHM (Frankfurt) at €46.10
Long Unacted Entry for LHA (Frankfurt) at €11.39 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.

India Oak

Short Confirmation Entry for KOTAK (Mumbai) at INR772.5
Short Confirmation Entry for CAIRN (Mumbai) at INR293.6

Indian Strength

Long Confirmation Entry for SBI (Mumbai) at INR2314.6

MA Crossover

Long Exit at Stop for IBM (NYSE) at $120.5

Relative UK

Long Unacted Entry for LIO (London) at 79p (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.

Short Trender

New Short Target and Stop for IBM (NYSE) at $121.1 (EoD): Target $102.5, Stop $130.3

UK Golden Brown

Long Exit at Trailing Stop for TBK (London) at 503p

UK High Winners

Long Unacted Entry for JD. (London) at 772p (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
New Long Target and Stop for APF (London) at 272p (EoD): Target 301p, Stop 260p
Long Exit at Stop for MPI (London) at 341p
Long Confirmation Entry for SPT (London) at 108p

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

With US markets closed because of the July 4th holiday it was left to European and Asian markets to bumble along. The FTSE 250 ETF (MIDD) is struggling to close last Thursday's breakdown gap with only intraday incursions into the zone. The lack of conviction is worrying with Friday's low (885) a suction point for sellers to draw prices too; curretnly it's trading just below 920 with 926 the gap.

In light of this weak undercurrent my various trading strategies continued to pop out stop signals from long strategies with some short target/stop updates.

ASX Oak

Short Confirmation Entry for WOW (Sydney) at AU$26.77

BSE Zignals 1 mil Rupee

Rupee Long Confirmation Entry for MAZD (Mumbai) at INR116.8

Commodities Oak

Short Entry for GldUSD (Commodities) at $1245.0
Short Confirmation Entry for SlvUSD (Commodities) at $18.66

Forex Bull Trender

Long Confirmation Entry for CADUSD (FX) at 0.9430
Long Confirmation Entry for AUDUSD (FX) at 0.8420
Long Confirmation Entry for NZDUSD (FX) at 0.6860

Forex High Winners

Long Entry for EURUSD (FX) at 1.2260

Frankfurt High Winners

Long Confirmation Entry for RHM (Frankfurt) at €46.10
Long Unacted Entry for LHA (Frankfurt) at €11.39 (EoD): Entry signal given, but exited position on same stock too recently (13) days ago.

India Oak

Short Confirmation Entry for KOTAK (Mumbai) at INR772.5
Short Confirmation Entry for CAIRN (Mumbai) at INR293.6

Indian Strength

Long Confirmation Entry for SBI (Mumbai) at INR2314.6

MA Crossover

Long Exit at Stop for IBM (NYSE) at $120.5

Relative UK

Long Unacted Entry for LIO (London) at 79p (EoD): Entry signal given, but exited position on same stock too recently (4) days ago.

Short Trender

New Short Target and Stop for IBM (NYSE) at $121.1 (EoD): Target $102.5, Stop $130.3

UK Golden Brown

Long Exit at Trailing Stop for TBK (London) at 503p

UK High Winners

Long Unacted Entry for JD. (London) at 772p (EoD): Entry signal given, but exited position on same stock too recently (6) days ago.
New Long Target and Stop for APF (London) at 272p (EoD): Target 301p, Stop 260p
Long Exit at Stop for MPI (London) at 341p
Long Confirmation Entry for SPT (London) at 108p

Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies via his Zignals home page. Each Zignals member has an unique home page which they can share with friends and clients to sell their strategies.

Building Your Brand In Zignals

"My back testing was accomplished through the Zignals web site (Zignals). This site has recently added (beta) a strategy engine which will let you backtest as far back as the early 2000's various strategies based upon a slew of technical and fundamental parameters."